TSMC's March sales take Q1 into annual growth
LONDON – Sales in March by leading foundry Taiwan Semiconductor Manufacturing Co. Ltd. on a consolidated basis took the company's first quarter sales above the equivalent figures in 2011.
The consolidated sales were NT$37.083 billion (about $1.26 billion) an increase of 9.5 percent over February 2012 and a decrease of 0.6 percent over March 2011. Consolidated revenues for January through March 2012 totaled NT$105.51 billion (about $3.58 billion), an increase of 0.1 percent compared to the same period in 2011.
TSMC (Hsinchu, Taiwan) had said it expected its first quarter sales to come in at between NT$103 billion and NT$105 billion.
On an unconsolidated basis, net sales were approximately NT$36.61 billion (about $1.24 billion), an increase of 9.0 percent over February 2012 and an increase of 0.7 percent over March 2011. Revenues for January through March 2012 totaled NT$104.25 billion (about $3.53 billion), an increase of 1.7 percent compared to the same period in 2011.
The monthly sequential percentage growth was similar to that achieved by rival foundry United Microelectronics Corp. (Hsinchu, Taiwan).
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